Dji Holdings Share Discussion Threads

[neurolodger] 24/7/2015 12:36

Why sudden drop any more bad news or just tree shaking?

[sjc] 14/7/2015 17:09

NXR interesting finish with late vol.
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[sjc] 09/7/2015 16:20

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[sjc] 09/7/2015 16:06

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[sjc] 09/7/2015 16:05

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[sjc] 09/7/2015 16:03

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[sjc] 01/7/2015 13:47

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[sjc] 01/7/2015 13:29

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[sjc] 25/6/2015 23:07

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[shutittrev] 18/6/2015 13:15

I think it's fair to say whilst the ban continues......this will drift.

[javea] 17/6/2015 16:59

hxxp://calvinayre.com/2015/06/10/business/tsinghua-university-takes-124m-stake-in-500-com/

Somebody is comfortable about the future of the online lottery market in China.

[monts12] 16/6/2015 11:15

LONDON (Alliance News) - DJI Holdings PLC Tuesday reported a narrowed pretax loss in 2014 as its revenue grew, but warned that the suspension of online lottery sales in China is preventing the business from turning to profitability.

The Chinese lottery products company reported a pretax loss of GBP3.0 million, reducing by more than half of the GBP7.2 million loss it made in 2013, as revenue grew to GBP13.4 million from GBP1.1 million.

DJI said that revenue was boosted by the rapid adoption of its online ticket fulfilment platform, supported by multiple provincial licences and contractual agreements.

However, it warned that delays related to the suspension of online lottery sales by the Chinese government are hitting its profit, as its online lottery sales operations make up 96% of its total revenue. DJI said it is not clear how long the suspension will last.

"This was a year of significant progress for DJI Holdings PLC. The acquisitions and joint venture agreements completed prior to our IPO and listing in July have positioned our business to capitalise on the fast-growing online sector of the Chinese lottery industry. The March 2015 temporary suspension of online sales continues pending regulatory changes, but when these sales resume, we expect Chinese consumers increasingly to choose web and mobile as their channel of choice for lottery ticket purchases," Chief Executive Darren Mercer said in a statement.

"We will continue to work closely with our corporate and government partners to understand the opportunities available to us in the industry and, where practical, to work with the best partners and providers to maximise our speed to market and available returns for our shareholders," Mercer added.

[javea] 11/6/2015 10:23

Well done monts!!
Follow the money....
Nice and quiet here....great!

[monts12] 10/6/2015 18:55

Trev it's just a matter of when not if...
"China has halted all online-lottery sales, but the business will be a very, very good one once it reopens.”
Edit
I think this applies equally to DJI

[shutittrev] 10/6/2015 14:21

Good find Monts.....I just wish this ban could be lifted.

[monts12] 10/6/2015 11:19

Big interest in the sector...

Forbes Asia
June 9, 2015 — 7:03 PM BST Updated on June 9, 2015 — 9:38 PM BST

China's Tsinghua University Tangles With Lottery Business After H3C Technologies Deal
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China’s Tsinghua University is on a purchasing spree. Tsinghua Unigroup, one of the prestigious university’s business units and the country’s biggest chip maker, in May acquired 51% stake of Hewlett-Packard HPQ -0.34% Co.’s China data-networking operation H3C Technologies in a deal that values it at $4.5 billion. H-P agreed to sell the majority stake to state-owned Tsinghua Holdings after revelations of U.S. spying made it difficult for foreign technology companies to operate in the country’s data and information sectors.

Less than a month after the H3C deal, Tsinghua, dubbed China’s Massachusetts Institute of Technology, has its eyes on an entirely different sector. Tsinghua Unigroup has agreed to invest $123.8 million in online lottery firm 500.com through the purchase of new shares at $19.5 per share-an 18% discount to 500.com’s trading price on Monday. Tsinghua Unigroup will own 15.2% of 500.com upon closing of the purchase. Zhao Weiguo, who chairs Tsinghua Holdings, will also be a director at the lottery firm.

The partnership with 500.com once again showed Tsinghua’s business acumen. The university, alma mater of Chinese President Xi Jinping and his predecessor Hu Jintao, is betting on the long-term potential of China’s online lottery sector, which last year generated $13.6 billion in sales. 500.com, which since April 4 has voluntarily suspended all online lottery sales to cooperate with the country’s crackdown on illegal products, doesn’t expect to generate any revenue during the suspension period. Tsinghua can easily negotiate a cheap price with the cash-strapped company, and use its state background to help 500.com get new licenses, says Li Chao, an analyst at Beijing-based consultancy iResearch.

“The biggest benefit to 500.com is that it can make a breakthrough in acquiring new licenses after the Tsinghua investment,” Li says. “China has halted all online-lottery sales, but the business will be a very, very good one once it reopens.”
500.com says it has no further comment on the Tsinghua partnership. Tsinghua Unigroup declined to comment. 500.com Chief Executive Pan Zhengming said in a statement that the deal will bring “Tsinghua University’s strong technical and research capabilities to 500.com.”
Shares of 500.com have jumped 7.3% to $25.5 in New York trading on Tuesday.

[sjc] 09/6/2015 17:26

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[sjc] 09/6/2015 17:11

Finals tomorrow 10th
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[sjc] 08/6/2015 12:37

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[sjc] 08/6/2015 12:36

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[sjc] 08/6/2015 08:00

Finals tomorrow
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[sjc] 07/6/2015 12:49

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